| 1. |
INTRODUCTION |
5 |
| 2. |
EXECUTIVE SUMMARY AND FUTURE PROSPECTS |
8 |
| 3. |
OVERVIEW OF SOCIAL HOUSING IN THE UK |
11 |
| 3.1 | DEFINITION OF UK SOCIAL HOUSING MARKET |
11 |
| 3.1.1 | RSL Managed Housing |
12 |
| 3.2 | HISTORY OF SOCIAL HOUSING |
12 |
| 3.3 | REGULATION AND CONTROL IN THE UK SOCIAL HOUSING MARKET |
13 |
| 3.3.1 | England |
14 |
| 3.3.2 | Wales |
17 |
| 3.3.3 | Scotland |
18 |
| 3.3.4 | Northern Ireland |
19 |
| 3.3.5 | Proposed Changes to Regulation and Control in England |
19 |
| 3.4 | THE STRUCTURE OF THE UK HOUSING MARKET |
21 |
| 3.4.1 | Overview |
21 |
| 3.4.2 | English Housing Market |
24 |
| 3.4.3 | Welsh Housing Market |
27 |
| 3.4.4 | Scottish Housing Market |
28 |
| 3.4.5 | Northern Ireland Housing Market |
31 |
| 4. |
SOCIAL HOUSING SPENDING AND CONSTRUCTION |
33 |
| 4.1 | KEY INFLUENCES ON THE SOCIAL HOUSING MARKET |
33 |
| 4.1.1 | Economic, Demographic and Social Trends |
33 |
| 4.1.2 | Government Policies and Programmes |
34 |
| 4.1.3 | Housing Demand and Supply |
37 |
| 4.2 | FINANCING IN THE UK SOCIAL HOUSING MARKET |
39 |
| 4.2.1 | Overview |
39 |
| 4.2.2 | Major Private Lenders in the Social Housing Market |
40 |
| 4.2.3 | Financing of Newbuild |
44 |
| 4.2.4 | Financing Options for Improvement |
50 |
| 4.3 | SOCIAL HOUSING CONSTRUCTION ACTIVITY |
63 |
| 4.3.1 | Overview |
63 |
| 4.3.2 | England |
66 |
| 4.3.3 | Wales |
68 |
| 4.3.4 | Scotland |
71 |
| 4.3.5 | Northern Ireland |
73 |
| 5. |
REGISTERED SOCIAL LANDLORDS HOUSING MARKET |
76 |
| 5.1 | OVERVIEW |
76 |
| 5.2 | ENGLISH RSL MARKET |
78 |
| 5.2.1 | Market Structure |
78 |
| 5.2.2 | Key Associations and Market Shares |
82 |
| 5.3 | WELSH RSL MARKET |
94 |
| 5.3.1 | Market Structure |
94 |
| 5.3.2 | Key Associations and Market Share |
96 |
| 5.4 | SCOTTISH RSL MARKET |
98 |
| 5.4.1 | Market Structure |
98 |
| 5.4.2 | Key Associations and Market Share |
99 |
| 5.5 | NORTHERN IRELAND RSL MARKET |
101 |
| 5.5.1 | Market Structure |
101 |
| 5.5.2 | Key RSLs and Market Share |
102 |
| 6. |
SPECIFICATION AND BUYING PROCESSES |
104 |
| 6.1 | BUYING AND SPECIFICATION IN THE SOCIAL HOUSING SECTOR |
104 |
| 6.2 | BUYING AND SPECIFICATION FOR NEWBUILD |
106 |
| 6.2.1 | Overview |
106 |
| 6.2.2 | Partnering and Framworks |
109 |
| 6.2.3 | Modern Methods of Construction |
110 |
| 6.3 | BUYING AND SPECIFICATION FOR REPAIR & MAINTENANCE |
112 |
| 6.3.1 | Overview |
112 |
| 6.3.2 | Procurement Options |
114 |
| 6.4 | KEY CONTRACTORS |
116 |
| APPENDIX 1 STOCK TRANSFER 1988-2005 |
119 |
| GLOSSARY OF TERMS | 124 |
| TABLES AND CHARTS |
| TABLE 1 | THE UK SOCIAL HOUSING MARKET - % DWELLING STOCK 1994-2006 BY TENURE |
8 |
| TABLE 2 | THE UK HOUSING MARKET DWELLING STOCK 1981-2006 BY TENURE (000S) |
21 |
| CHART 3 | HOUSING STOCK BY TENURE GT. BRITAIN 1951 - 2006 (%) |
22 |
| CHART 4 | SOCIAL HOUSING STOCK BY COUNTRY 2006 (%) |
23 |
| CHART 5 | HOUSING STOCK BY COUNTRY AND TENURE 2006 (%) |
23 |
| TABLE 6 | ENGLISH HOUSING MARKET BY TENURE 1986, 1996 AND 2006 |
24 |
| TABLE 7 | ENGLISH SOCIAL HOUSING SALES THROUGH RIGHT TO BUY 1998 2006 NUMBER OF DWELLINGS AND MIX BY LA / RSL. |
25 |
| TABLE 8 | PROVISION OF SOCIAL HOUSING IN ENGLAND BY LOCAL AUTHORITIES AND RSLS 1986-2006 (000) |
25 |
| CHART 9 | HOUSING STOCK IN ENGLAND - MIX BY YEAR BUILT PRE-1919 TO POST 1995 (%) |
26 |
| TABLE 10 | ENGLISH HOUSING MARKET BY TYPE OF DWELLING AND TENURE 2006 |
27 |
| TABLE 11 | WELSH HOUSING MARKET BY TENURE 1986, 1996 AND 2006 |
27 |
| TABLE 12 | SOCIAL HOUSING SALES THROUGH RIGHT TO BUY IN WALES 1998 2006 NUMBER OF DWELLINGS |
28 |
| TABLE 13 | SCOTTISH HOUSING MARKET BY TENURE 1986, 1996 AND 2006 |
29 |
| TABLE 14 | SOCIAL HOUSING SALES THROUGH RIGHT TO BUY IN SCOTLAND 1998 2006 NUMBER OF DWELLINGS |
30 |
| CHART 15 | LA HOUSING STOCK IN SCOTLAND BY YEAR BUILT (%) |
30 |
| TABLE 16 | HOUSING MARKET IN NORTHERN IRELAND BY TENURE 1986, 1996 AND 2006 |
31 |
| CHART 17 | NORTHERN IRELAND SOCIAL HOUSING SALES 1998- 2006 (000) |
32 |
| CHART 18 | HOUSING STOCK IN NORTHERN IRELAND BY YEAR BUILT (%) |
32 |
| TABLE 19 | HOUSEHOLD ESTIMATES/PROJECTIONS ENGLAND 20062029 (000S) |
34 |
| TABLE 20 | AFFORDABILITY FACTORS UK 1996 2006 - AVERAGE PRICE, MORTGAGE ADVANCE AND INCOMES (£) |
38 |
| TABLE 21 | TOTAL PRIVATE FINANCE - ENGLAND - 2002 2007 (£BN) |
40 |
| TABLE 22 | TOP 5 LENDERS TO RSLS IN ENGLAND - 1988 2007 |
41 |
| TABLE 23 | TOTAL PRIVATE FINANCE SCOTLAND & WALES 2006 2007 (£M) |
43 |
| TABLE 24 | TOP 5 LENDERS TO RSLS IN SCOTLAND & WALES - 1988 2007 |
44 |
| TABLE 25 | REGIONAL NAHP ALLOCATIONS IN ENGLAND - 2004 2011 (£M) |
46 |
| TABLE 26 | PRIVATE SECTOR INVESTMENT PARTNERS AND NEW ALLOCATIONS BY LEAD PARTNER - NAHP 2008/11 |
48 |
| TABLE 27 | SIGNED PFI SCHEMES AT MAY 2008 BY VOLUME AND VALUE |
51 |
| TABLE 28 | SIGNED HOUSING PFI PROJECTS (HRA) AS AT MAY 2008 MAJOR SCHEMES, PROJECT TYPE & VALUE, CONTRACTOR& STATUS. |
52 |
| TABLE 29 | HRA PROJECTS IN PROCUREMENT AND PRE-PROCUREMENT AS AT MAY 2008 SCHEME, PROJECT TYPE & STATUS |
53 |
| CHART 30 | LARGE SCALE VOLUNTARY TRANSFERS - 1988- 2008 (000 UNITS) |
56 |
| TABLE 31 | 64 LARGE SCALE VOLUNTARY TRANSFERS ENGLAND - 2006 2008 MAJOR TRANSFERS, STOCK & LOAN VALUE |
57 |
| TABLE 32 | SUMMARY ALMOS ROUNDS 1-6 UNITS AND VALUE (£M) |
61 |
| TABLE 33 | ADDITIONAL FUNDING ROUND 3-5 ALMOS - 2008-11 (£M) ALLOCATION FOR 26 SCHEMES |
62 |
| CHART 34 | UK HISTORICAL SOCIAL HOUSING CONSTRUCTION 1960 2006 (000) |
63 |
| TABLE 35 | UK SOCIAL HOUSING COMPLETIONS AND FORECASTS 2002-2012 SPLIT BY LA AND RSL. |
64 |
| TABLE 36 | UK CONSTRUCTION OUTPUT NEW HOUSING PUBLIC SECTOR SPLIT BY COUNTRY 2002 - 2007 (£M) |
65 |
| TABLE 37 | CENTRAL GOVERNMENT HOUSING CAPITAL PROVISION IN ENGLAND 2002/03 2009/10 (£M) SPLIT BY SECTOR / PROGRAMME. |
66 |
| CHART 38 | RSL COMPLETIONS IN ENGLAND - 2002- 2008 (000) |
67 |
| CHART 39 | RSL HOUSING COMPLETIONS BY TYPE OF DWELLING 2000 - 2007 (%) |
67 |
| TABLE 40 | RSL COMPLETIONS OF AFFORDABLE HOMES BY REGION 2006/07 |
68 |
| TABLE 41 | GOVERNMENT SPENDING ON HOUSING IN WALES 2004 2008 (£M) |
69 |
| TABLE 42 | SOCIAL HOUSING GRANT ALLOCATIONS WALES 20002009 (£M) |
70 |
| CHART 43 | RSL COMPLETIONS IN WALES - 2000- 2007 (000) |
71 |
| TABLE 44 | CENTRAL GOVERNMENT HOUSING FINANCE IN SCOTLAND 2003/04 2007/08 (£M) |
72 |
| TABLE 45 | HOUSING ASSOCIATION GRANT ALLOCATIONS SCOTLAND 20032011 |
72 |
| CHART 46 | RSL COMPLETIONS IN SCOTLAND - 2000- 2007 (000) |
73 |
| TABLE 47 | NIHE MAINSTREAM PROGRAMME EXPENDITURE 2003/04 2009/10 (£M) |
74 |
| CHART 48 | RSL COMPLETIONS IN NORTHERN IRELAND - 2000- 2007 (000) |
75 |
| CHART 49 | DISTRIBUTION OF HAS IN ENGLAND BY NUMBER OF HOMES - 2007(%) |
78 |
| CHART 50 | DISTRIBUTION OF HAS IN ENGLAND BY TYPE OF ASSOCIATION 2007 (%) |
79 |
| CHART 51 | DISTRIBUTION OF HOUSING STOCK OWNED BY HAS BY TYPE - 2007(%) |
81 |
| TABLE 52 | HA HOUSING STOCK IN ENGLAND NUMBER OF HOMES MANAGED 2005 - 2007 (000) - SPLIT BY TRADITIONAL AND STOCK TRANSFER |
81 |
| TABLE 53 | ENGLAND - REGIONAL DISTRIBUTION OF HAS SOCIAL RENTED STOCK 2007 (000) |
82 |
| TABLE 54 | TOP 30 HA GROUPS IN ENGLAND BY TOTAL STOCK OWNED (2007) |
84 |
| TABLE 55 | RECENT SIGNIFICANT MERGERS & ACQUISITIONS 2007 RSLS IN ENGLAND |
86 |
| TABLE 56 | TOP 30 HA GROUPS IN ENGLAND BY NAHP ALLOCATION 2008-11 |
88 |
| TABLE 57 | WELSH HA HOUSING STOCK NUMBER OF HOMES MANAGED 2005 2007 (000S) |
95 |
| CHART 58 | WALES - DISTRIBUTION OF HOUSING STOCK OWNED BY HAS BY TYPE - 2007(%) |
95 |
| TABLE 59 | MAJOR RSLS IN WALES 1000+ DWELLINGS 2007 |
97 |
| CHART 60 | DISTRIBUTION BY TYPE OF RSL IN SCOTLAND - 2007(%) |
99 |
| TABLE 61 | MAJOR RSLS IN SCOTLAND 2,000+ DWELLINGS (2008) |
100 |
| CHART 62 | DISTRIBUTION OF RSL STOCK BY TYPE IN NORTHERN IRELAND - 2007(%) |
102 |
| TABLE 63 | MAJOR RSLS IN NORTHERN IRELAND 600+ DWELLINGS (2007) |
103 |
| CHART 64 | BREAKDOWN OF HA EXPENDITURE IN ENGLAND - 2007(%) |
104 |
| CHART 65 | THE PROPORTION OF RSLS OPERATING LISTS OF PREFERRED CONTRACTORS 2006 |
113 |
| CHART 66 | HOUSING ASSOCIATIONS USE OF E-PROCUREMENT TOOLS - 2007 (%) |
116 |
| TABLE 67 | LARGE SCALE TRANSFERS 1988-2005 |
119 |